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This article and its content have been produced and disseminated for persons outside of the United Kingdom. The information provided is not directed at or intended for distribution to, or use by, any person or entity located within the UK. The financial products and services mentioned in this article are not eligible for the UK. Cryptoassets are classified as Restricted Mass Market Investments in the UK, meaning that they are high-risk investments and are not suitable for most retail investors.

You’ve probably heard the term blockchain when people talk about Bitcoin or digital assets. But what exactly is it, and why is it important? A blockchain is a special kind of digital record-keeping system. Think of it like a shared notebook that lives on the internet. Every time a transaction happens—like someone sending a digital token—it gets written into this notebook. What’s different is that this notebook is copied and stored on many computers around the world, not just in one place.This means that everyone on the network has access to the same information. And once something is written, it can’t be changed or erased. That makes it incredibly secure and trustworthy.

Here’s where the name comes from: information is grouped into “blocks.” Each block holds a batch of transactions. Once a block is full, it’s linked—or “chained”—to the previous block, creating a chain of data blocks. Hence the name blockchain. What makes blockchain special is decentralization. There’s no single person or company in control. Instead, the power is spread out across the network. This makes it difficult for anyone to cheat the system.

Blockchain is most known for powering digital currencies like Bitcoin and Ethereum. But it’s also being used for many other things—like tracking products in supply chains, managing healthcare records, and even digital voting.

In short, a blockchain is a secure, transparent, and decentralized way of storing information. It helps people trust the system without needing to trust a middleman. That’s why it’s being called one of the most important technologies of our time.

Please note: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments involve significant risk and may not be suitable for all investors. Readers should conduct their own research and consult financial advisors before engaging in any crypto-related activities. Bitsquack does not guarantee specific outcomes and disclaims all liability for potential losses arising from investment decisions.
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